VCAR meaning in Business ?

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What is Vector Aeromotive Corporation mean?

Vector Motors Corporation is an American automobile manufacturer originally based in Wilmington, California. Its history can be traced to Vehicle Design Force, which was founded in 1978 by Gerald Wiegert. Vehicle production by Vector Aeromotive began in 1989 and ceased in 1993. The company was later revived as Vector Motors Corporation, and has continued to develop sports cars. When founded, Vector represented America's first attempt to compete with European performance car manufacturers like Ferrari and Lamborghini. Altogether around 50 Vector sports car models were developed and produced during the 1980s and 1990s including some racing versions mostly built using American made components.

Nearly every car produced by the company is designated the letter "W" (for Wiegert) and a number. A letter "X" after the W (e.g. WX-8) signifies a prototype unit.

In August of 2018 it was reported that the company was still actively developing an entirely new vehicle, the WX-8, a vehicle positioned in the colloquially named "hypercar" category, which it first announced and presented a prototype model of back in 2007.

Founder, principal owner, chief executive, lead designer and engineer Jerry Wiegert passed away in January of 2021 aged 76, leaving the fate of the company and corporate entity in question. The Wilmington facility along with the warehouse that stored materials and inventory has since been cleared out. As of Fall 2021 the company’s official internet website is also no longer in operation with its domain registration left expired.

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Posted on 29 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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